The UK decided to leave the EU in a move that shocked global markets. This has wide implications beyond the shores of the UK and the EU. It could even tip the world into a recession. There are many open questions after the UK vote to leave...
UK's EU Commissioner Hill has announced he will stand down 25 June 2016 does not believe it was right for him to carry on with his work as the commissioner in charge of financial services. will stay on for a period of weeks to ensure an orderly handover...
The Brexit referendum was always going to be a game changer whatever the result 24 June 2016 Be careful what you wish for they say, as indeed did I, and I had warned in other pieces too that whatever the outcome the UK landscape would never be the same again...
Data for the week ended June 21. Like its of any relevance...
Downing Street have released Cameron's 'I am stepping down' speech in full Gracious and stylish, I reckon...
Fallout ... geddit? (I'll get my coat) Unofficial closing levels after the biggest drop in about 10 months for US stocks (or thereabouts) S&P500 down 76.26 points (-3.6%) Dow Jones down 608.44 points (-3.38% NASDAQ down 203.39 points (-4.12%) ... biggest fall since 2011 for this one...
How far will the pound fall (and other currencies) SocGen sees 1.20-1.25 We continue to look for GBP/USD to trade around a 1.30-1.35 range for now (i.e. a little lower than here) and eventually, towards 1.20-1.25...
European stock market close 24 June 2016 The FTSE has shown a bit of gumption compared to its newly divorced partners. I don't think many would have thought about it only closing down 2.8% on the day, and it finished up on the week to boot. That's a potentially very bullish signal...
The world is running on fumes Thank goodness the vote was on a Thursday, not a Monday. I might be projecting but it feels like there isn't much gas left in the tank. That vote was emotional and the swings were epic. If you're reading this, you probably survived and I hope ForexLive was a help...
Blackrock chief strategist Watt talking to Bloomberg 24 June 2016 there would have been less market disruption if investors had bought sterling on polls favouring Remain GBP could rebound over next week but will likely weaken from here over next 6 months US stocks down 3-4% after Brexit is "odd...
Details of the June 2016 US Michigan consumer sentiment final report 24 June 2016 Flash 94.3. May 94.7 Current conditions 110.8 vs 111.4 exp. Flash 111.7. Prior 109.9 Expectations 82.4 vs 83.1 exp. Flash 83.2. Prior 84.9 1yr inflation exp 2.6% vs 2.4% flash/prior...
US durable goods for May 2016 Prior 3.4%. Revised to 3.3% Ex-transport -0.3% vs 0.1% exp. Prior 0.5% Ex-defense -0.9% vs 3.8%, Prior. Revised to 3.7% Cap goods orders non-def ex-air -0.7% vs 0.4% exp. Prior -0.6%, Revised to -0.4...
Japan's MOF delivering a G7 communique as this year's host nation 24 June 2016 will consult closely on market movements and stability central banks have taken steps to ensure liquidity excessive volatility in fx can have bad economic effects Elsewhere IMF boss Lagarde now joining the ever growing...
Oh dear Donald :-D Don't go shouting that too loudly around there Trump. *Glasgow kiss. PRONUNCIATION: (GLAS-go kis, GLAZ-)MEANING: noun: A headbutt: a strike with the head to someone's sensitive area (such as the nose...
A whole series of comments from various corners of the globe 24 June 2016 Russian central bank closely following markets Norwegian fin min - Brexit could drag down growth, must expect market turmoil Danish central bank head- have tools needed to defend EUR peg, will do whatever required Italian e...
Brexit campaign leader and potential UK PM makes his press statement 24 June 2016 UK can find a voice in the world equal to that of 5th largest economy people in UK have spoken up for democracy in Britain and Europe Not everyone Boris but a majority at least...
Scotland's First Minister Nicola Sturgeon out on the wires 24 June 2016 wants to secure Scotland's place in EU Second Scottish independence referendum here we come if parliament judges 2nd referendum is best way to stay in EU then it must be held before end of EU exit talks 2nd referendum now hig...
The political snowball is starting to roll Cameron choosing to step down shows the inherent problem with this great country. So what if he was wrong in the path he chose? At least he stood up for his beliefs. I can't say I held huge respect for him but I hold even less now...
The day after Brexit 24-06-2016 Opening DAX index future, almost 10% lower. Biggest market crash in recent history! https://www.youtube.com/watch?v=8qwP2sPnfS0...
France Q1 GDP final release now published yy +1.3% vs +1.4% exp/flash Data out a short while ago but not changing anything. Posting for info...
